December 12, 2024
The Long View—a series from GEM’s Co-CIO, Matt Bank— explores a range of topics relevant to the fiduciaries and allocators of institutional capital.
In Part I of his three-part series on the Endowment Model, Co-CIO Matt Bank discussed the problems with characterizing the model in static, monolithic terms, arguing for a more flexible and nuanced definition.
In Part II, he described some of the flaws in conventional ways that endowment portfolios are measured and evaluated, proposing instead a distinct set of guidelines for determining success.
In this final Part III, Bank examines what it will likely take to be successful investing endowment-style portfolios over the next decade. Even as markets become more competitive every day, he explains why he believes that a combination of institutionally driven portfolio construction, manager sourcing intensity, process efficiency, and organizational alignment is a clear path to differentiated success.
Head of Venture Capital, Kate Simpson, joined David Weisburd on the How I Invest podcast to share how GEM evaluates venture managers and builds conviction through disciplined sourcing, rigorous reference work, and thoughtful fund-level underwriting in an increasingly bifurcated market.
In our 2026 Outlook, the GEM team explores the key forces driving today’s evolving market cycle, from AI-led capital spending to shifting dynamics in private markets, biotech, and real estate, and what they mean for positioning in the year ahead.
In this edition of The Long View, Co-CIO Matt Bank explains why managing risk with structure, discipline, and flexibility is essential for long-term investors, and how GEM’s approach helps portfolios endure uncertainty.
Let’s start a conversation about how we can help.
